Brazil, U.S. Both Record Solid Volumes Growth for Brewer

BRUSSELS—Anheuser-Busch InBev NV on Wednesday reported improved revenue for the first quarter, but weakness in the U.S., the company's largest market, clouded the brewing company's outlook.

The maker of Budweiser, Stella Artois and Corona said shaky results in the U.S. during the quarter were mainly the result of the unusually cold winter, which kept consumers away from bars and restaurants. AB InBev is betting the U.S. economic...